If this is a recovery, the voters will ask, why aren't we feeling it? Cameron and Osborne need to offer answers.
The shadow chancellor never said that there would be no recovery, only that it would be painfully slow. And he was right.
The balance of credit for getting the Tories even this far has clearly tilted towards the Chancellor.
Labour won no credit when it tried to mimic Osborne's inheritance tax cut in 2007. The Chancellor is determined not to fall into the same trap with Miliband's gambit.
The cap is less a serious act of policy than a political weapon designed to trap Labour on the wrong side of the argument and to demonise the unemployed.
The new inflation figures show that it is under-indexation that will drive up child poverty rates inexorably.
The shadow chancellor writes to Osborne as Treasury select committee chair Andrew Tyrie says that OBR auditing could "enhance the quality of public debate".
While trumpeting greater immigration as an economic good in the case of China, ministers are strangling it elsewhere.
"Hopefully we will get a little housing boom and everyone will be happy as property values go up," the Chancellor reportedly told the cabinet.